India's RedTape rises on acquiring SPRANDI shoe brand for 4 countries

RedTape

09/04/2026 05:20

** Shares of RedTape Ltd REDT.NS rise as much as 6.3% to 128.9 rupees

** Footwear and apparel maker acquires international sports footwear brand SPRANDI for India, Nepal, Bhutan and Sri Lanka, does not disclose deal amount

** Adds, co will be launching the brand in the Indian market very soon through online and retail stores

** Stock up 6.1% so far this week, set for second week of gains

** More than 567,000 shares traded as of 9:40 A.M. IST, vs 30-day moving avg of 358,033

** REDT last up 2.4%, cuts YTD losses to 2.2%

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))